The
Sunil Mehta committee, formed with a
view to tackle Non-Performing Assets
(NPAs) and creating credit capacity,
has submitted its report with recommendations to Union Finance Minister Piyush
Goyal.

The panel presented project 'Sashakt' and has recommended a five-pronged strategy to deal with
NPAs in the country’s banking system.

International Finance Corp. (IFC), the private sector investment arm of the World
Bank, has invested $100 million in
Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance).

The
Reserve Bank of India (RBI) has
issued a licence to Bank of China to
operate in India.

The
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs
735.53 crore under Rural Infrastructure Development Fund (RIDF) to West Bengal during the first quarter of 2018-19.

Index of Eight Core Industries registers
3.6% growth in May 2018.

The
Banks Board Bureau (BBB) recommended
15 executive directors to be elevated as managingdirectors (MD) at various public sector
banks (PSBs).

The
Income Tax Department launched instant Aadhaar-based
e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time.

NATIONAL NEWS

The
apex body of Indian IT industry, NASSCOM
(National Association of Software & ServicesCompanies) has opened Centre
of Excellence for Data Science and Artificial Intelligence (CoE-DSAI) in Bengaluru, Karnataka.

The
International Round Table Conference on
'Data for New India' has been inaugurated by D.V. Sadananda Gowda in New Delhi.

The
Supreme Court in its latest ruling
has once again upheld Chief Justice of
India (CJI) as 'Master of Roster'.

Airports Authority of India (AAI) is going to set up state-of-the-art Civil Aviation Research Organization
(CARO) at Hyderabad’s Begumpet
Airport.

The
Union Ministry of Environment, Forests and Climate Change (MoEFCC) has declared the 438
sq. km.of area around Mudumalai Tiger Reserve (MTR), Tamil Nadu as
an Eco-Sensitive Zone (ESZ).

According to the recent study by researchers, if Indian farmers make big
switch from growing rice and wheat to alternative cereals such as maize,
sorghum and millet, it could reduce demand for irrigation water by 33%.

The
Law Commission of India (LCI) in its
recent report named, 'Legal Framework:
Gambling andSports Betting
including Cricket in India', recommended that gambling and betting on sports be allowed as regulated activities.

The
Union govt constituted a ministerial panel headed by the finance
minister to decide about fundallocation for infrastructure projects from
the Central Road and Infrastructure Fund (CRIF) announced inthe budget.

The
National Security Guard (NSG) is the
first central paramilitary force to
opt for e-ticketing instead of the
railway warrant under an agreement signed with the IRCTC.

India will host the 19th edition of
IUFoST World Food Science and Technology Congress 2018 in Navi Mumbai from Oct 23-27, 2018 with
the theme, "25 Billion Meals a Day
by 2025 with Healthy, Nutritious, Safe and Diverse Foods".

The
govt has approved a substantial increase in the minimum support
price (MSP) of most kharifcrops, which will cost the exchequer
more than Rs 15,000 core.

The
Election Commission of India (ECI)
has launched Cvigil mobile application
for citizens to report any violation of the Model Code of Conduct (MCC) during
elections.

The
Khadi and Village Industries Commission
(KVIC) has launched its in-house developed, single-umbrella e-marketing system
named Khadi Institution Management and
Information System (KIMIS) in New Delhi.

Numaligarh Refinery Ltd (NRL) in
Assam has become the first oil
public sector undertaking (PSU) inIndia
to adopt an online legal compliance
system by introducing ‘Legatrix’.

The
9th Heads of Mission Conference has
been inaugurated by External Affairs Minister Sushma Swaraj in New Delhi
with the theme 'Unprecedented Outreach:
Unparalleled Outcomes'.

According
to Nikkei Manufacturing Purchasing
Managers’ Index (PMI), compiled by IHS Markit, India’s manufacturing growth has jumped to six-month high in Jun 2018.

STATE NEWS

The
Uttarakhand High Court has accorded
the status of “legal person or entity”
toanimals in the State, saying
“they have a distinct persona with corresponding rights, duties and liabilities
of a living person.”

The
Kerala govt constituted Rani George panel comprising eminent
writers and language experts to choose
an official song for the state.

The
United Nations Educational, Scientific and Cultural Organisation (UNESCO) is planning to set up ‘Design University for Gaming’ in
Visakhapatnam, Andhra Pradesh.

'Pandharichi Wari' is recognised as the the most important pilgrimage of Maharashtra.

The famous cultural festival "Behdienkhlam
2018" has been celebrated at the small peripheral town of Jowai, the
District headquarters of Jaintia Hills District in Meghalaya with joy and religious fervour.

The
Madhya Pradesh govt launched an outstanding power bill waiver scheme and
subsidised powerscheme 'Sambal' for
labourers and poor families.

The
second capital of Maharashtra, Nagpur
has hosted the Monsoon session of the
state Legislature after a gap of 47 years.

The
country’s firste-waste recycling unit will come up in Bengaluru.

It has been announced by Union minister of
chemicals and fertilisers Ananth Kumar.

The
Delhi Chief Minister Arvind Kejriwal
in the presence of the Dalai Lama has launched ‘HappinessCurriculum’ which
includes meditation, moral values and mental exercises for its school students.

India's
first dedicated ‘Khadi Mall’ is
going to be set up by the Jharkhand govt
to boost market for khadi and khadi made products.

The
Bhitarkanika National Park (BNP) of Odisha becomes the largest habitat of the endangeredestuarine crocodiles in India with a record number of their nesting
sites spotted in it.

Two
building clusters of Victorian Gothic
and Art Deco architectural styles in
Mumbai, Maharashtra have been jointly inscribed in UNESCO World Heritage List.

Major General Vikram Dogra
become the first serving Indian Army
officer and the only General
across the world to have successfully completed a gruelling ‘Ironman’ competition held in Klagenfurt, Austria.

The Union Cabinet approved India's accession to WIPO Copyright Treaty,
1996 and WIPOPerformers and
Phonograms Treaty, 1996 which extends coverage of copyright to the internet
and digitalenvironment.

The Apex Court has extended deadline for publication of final
draft of Assam’s National Register of

Citizens (NRC) from earlier Jun 30, 2018 to Jul 31, 2018.

The
Bombay Stock Exchange (BSE) has
signed Memorandum of Understanding (MoU)
with the BombayMetal Exchange (BME) for the
growth and systematic development of commodity derivatives marketsin the non-ferrous metals complex.

The first meeting of the
Cauvery Water Management Authority (CWMA) has been held at Central Water
Commission (CWC) office in New Delhi
to resolve disputes over sharing of river water among Tamil Nadu, Karnataka,
Kerala and Puducherry.

The meeting of the 9-member Authority was chaired
by the CWC Chairman S Masood Hussain,
who is also heading the Cauvery Authority.

The Union Govt constituted 13-member Committee for Sub-National Accounts to upgrade the normsfor computation of economic data at states and districts level in
backdrop of plans to revise the base yearfor National Accounts or Gross Domestic Production (GDP) calculation.

It will be headed by Ravindra H Dholakia, a retired professor of IIM Ahmedabad.